RFF-CMCC-NAVIGATE Webinar: Effects of mitigation costs and climate damages on inequality

Abstract:

What is the prospect for future inequality between countries under climate change? In addition to socioeconomic impacts regarding demography, education  and technology progress, climate change will affect future inequality. Analysis of scenarios accounting for these effects of climate change under different emission pathways reveals that climate damage will hit disproportionately poorest countries and mitigation costs will be unevenly distributed among them. Even under low damage estimates, this situation occurs in some scenarios. Thus,mitigation of climate change can be key to limiting future inequality, provided that mitigation costs do not fall on the poorest countries.